Kolkata has undergone a devastating industrial development since long time. The growth of apartments and residential flats in Kolkata and south Kolkata got developed vigorously. People are buying apartments wanting premium lifestyle, comfort and luxury. Major areas in south Kolkata the property prices are higher than the other places. Day by day the influx of manpower is increasing all over the country so there is a great demand of rental housing and then there is an apprehension of real estate market.
Kolkata – the city of joy is undergoing a vast change with industrial growth and residential development. Trying to give a place with the trends of other metro cities Kolkata is opening its arms for the real estate and apartments in a modern way. People prefer to buy apartments in Kolkata with premium lifestyle options.The real estate and apartment developers are gaining a concrete trust by constructing buildings very efficiently so that the people who have invested their money in the real estate need not to think about the construction quality. Basically apartments in Kolkata are having less prices of property if it is compared with the other major metro cities in other parts of our country. These prices of property for buying an apartment in Kolkata generally vary depending upon the required locations and infrastructure of those locations.
Major residential areas in Kolkata like Park Street, Ballygunge, Southern Avenue, and Lower Circular Road which are in south Kolkata property prices are higher compared to the others. The apartments in these areas are having maximum feasibility for both rental and resale. The apartments and flats in south Kolkata not only in south Kolkata but in other places also the apartments are constructed to give people full assurance with 100% comfort, peace and luxury as well. The people are lucky enough to get many amenities like: air conditioned rooms, gymnasium, playgrounds for children and the adults also, swimming pools, guest rooms with attached bathrooms, and many more.
These amenities of the apartments and the great demand for rental housing have led to trepidation in Kolkata real estate market. As there is a great influx of manpower all over India this apprehension in the real estate market trends happened.